According to the latest report by IMARC Group, titled "Control Valves Market Report by Type (Rotary Valves, Linear Valves), Technology (Electric, Hydraulic, Manual, Pneumatic), Component (Actuators, Valve Body, and Others), Material (Stainless Steel, Cast Iron, Alloy Based, and Others), End-Use Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Pharmaceutical & Healthcare, Chemicals, Building & Construction, and Others), and Region 2025-2033," the global control valves market size reached USD 9.7 Billion in 2024. A control valve refers to a device that regulates the flow of a liquid or gas through internal passages. It consists of three key components – the valve, actuator and controlled – that aid in controlling various conditions, such as flow, temperature, pressure and liquid level, in a system. It forms an indispensable component of the control loop wherein it modulates the flowing fluid to compensate for the load disturbance. Consequently, it is widely being integrated with numerous accessories, such as handwheels, position indicators, limit switches and electro-pneumatic transducers across numerous verticals, including chemical, power, pharmaceuticals, oil and gas, and water and wastewater treatment industries.
Global Control Valves Market Trends:
The global market is primarily driven by a significant increase in the number of oil and gas exploration activities. The shifting preference toward automation and the growing requirement for the construction of new pipelines in the oil and gas sector is catalyzing the uptake of control valves. Along with this, there has been an increasing demand for uninterrupted power supply across the globe, especially in developing countries that witness continuous outages. This has led to the development of new power generation plants that rely on a connected network for monitoring the overall functioning of the plants. The rising demand for the establishment of new renewable energy projects and constant improvements in the existing infrastructures is providing a thrust to the market growth. Product innovations and continuous research and development (R&D) by various key players have led to the introduction of control valves that are integrated with smart and digital valve positioners and equipped with advanced capabilities, including diagnostics and alarm status. The advent of 3D printed valves is also expected to gain prominence in the market. This, in confluence with the growing investments in fluid handling technology by numerous industries, such as the nuclear and pharmaceutical sectors, is propelling the market growth. Looking forward, the market value is projected to reach USD 14.2 Billion by 2033, expanding at a CAGR of 4.15% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Size, Technology, Component, Material, End-Use Industry, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Christian Bürkert GmbH & Co. KG, Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, Honeywell International Inc., IMI plc, KITZ Corporation, SAMSON AG, Spirax-Sarco Engineering plc, Valvitalia SpA, and Velan Inc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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